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The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences
This underscores efforts to diversify MSX by adding key players from various sectors of Oman’s economy
The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing
Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings
Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)
ADNH Catering offered 900 million shares, or 40 percent of its capital
The company plans to list 900,000,000 shares each with a nominal value of AED0.10
The price range for the IPO was set between SAR5 and SAR5.30 per share
Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom
The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each
At the close of the subscription period, the retail tranche was oversubscribed 600 times
Delivery Hero will continue to retain majority interest in the business after the listing
